2. Chapter 8 Stone Arbor Landscaping: Time & Billing Chapter 8 Stone Arbor Landscaping: Time & Billing Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

3. Stone Arbor Landscaping When you installed Sage 50 Complete Accounting 2015, two sample companies were included with the software: Bellwether Garden Supply and Stone Arbor Landscaping. In Chapters 1-7, you worked with Bellwether Garden Supply. In this chapter, you focus on how the second sample company, Stone Arbor Landscaping, uses Sage 50’s time and billing feature. 8-2

4. Time & Billing Time & Billing gives you a way to track expenses and time when working with customers. For example, there are daily services that you perform for customers like making copies, designing a proposal, and out-of-pocket expenses. These expenses can be tracked and documented using SCA’s time and billing feature. The purpose of SCA’s time and billing feature is to give you the tools to record customer-related work or expenses. 8-3

5. Sage 50 Tips Sage 50 Tips To complete Chapter 8, use the sample company data for Stone Arbor Landscaping. Sage 50 includes two sample companies: Bellwether Garden Supply (Chapters 1-7), and Stone Arbor Landscaping (Chapter 8). 8-4

6. Sage 50 Tips Sage 50 Tips If you are using the Student Version of SCA 2015 included with the textbook, a Sage 50 Accounting window appears that says “You can use this company in the student version of Sage 50 for the next 14 months and then it will expire. The company's expiration date can be found in the Company Information section of the System Navigation Center.” 8-5

7. Backing Up Chapter 8 Backup Name Excel (.xlsx) and Adobe (.pdf) KB Page No. Chapter 8.ptb 1,622 KB 243 Chapter 8_Time Ticket Register.xlsx 14 KB 244-246 Chapter 8_Time Ticket Register.pdf 57 KB 246 Exercise 8-1.ptb 1,663 KB 248 Exercise 8-2_Time and Billing Reports.xlsx 32 KB 249 Exercise 8-2_Job Ledger.pdf 86 KB 249 Exercise 8-2_Time Ticket Register.pdf 10 KB 249 Exercise 8-2_Payroll Time Sheet.pdf 58 KB 249 8-6

8. Glossary of Terms Chapter 8 8-7

9. Time tickets Time tickets are used to record time-based activities such as research or consultations. They record the activities of either an employee or a vendor. The two methods of entering time ticket information are weekly or daily. 8-8

10. Expense tickets Expense tickets are used to track and aid in the recovery of customer-related expenses. These expenses are not based on time. Expenses can be based on the various charges related to the service being offered. For example, if you were an accountant, you might charge your client for copying fees or faxing fees. 8-9

11. Time & Billing Ticket Types The chart below illustrates how time and billing works. Time & Billing Ticket Types Ticket Type Inventory Item ClassExamples Billing Amount Equals Time TicketActivity itemResearch Consultants Writing Reports Billing Rate Times Activity Divisions Expense TicketCharge ItemCopying Faxing Court Fees Unit Price of the Charge Item Times Quantity 8-10

12. Activity items A special inventory item class for time and billing. Activity items are used on time tickets. 8-11

13. Charge items Charge items are used on expense tickets. 8-12

14. Online Learning Center  Go online to www.mhhe.com/yacht2015 for additional resources. Link to Student Edition, select Chapter 8. www.mhhe.com/yacht2015 o Interactive TestingAppendix C: Review of Accounting o Glossary of TermsAppendix D: Glossary of Terms o Feature Quizzes o Narrated PowerPoints o Assessment Rubrics o Going to the Net o QA Templates 8-13

15. Going to the Net Access this website to find accounting software that’s right for your business http://na.sage.com/us/sage-50-accounting. http://na.sage.com/us/sage-50-accounting Answer the following. 1. List the Sage 50 products. 2. What features does Complete have that Pro does not? (Hint: Click on the plus sign.) 3. What does Quantum include that Premium does not? 8-14

16. Analysis Question What is the purpose of Sage 50’s time and billing feature? Briefly explain time and billing. 8-15

17. Assessment Rubric Task Navigation Center and MenuWindow Timesheet Sales Invoice Payroll 8-16